Micron Technology reported a strong fiscal Q4 with $54.23 billion revenue, beating estimates for the eighth consecutive quarter, and shares have surged over 270% this year. Despite record results and high gross margins of 87%, CEO Sanjay Mehrotra said the company cannot predict when the ongoing memory chip shortage will end, with supply-demand imbalances expected to persist through 2027 and 2028. Micron's guidance for Q1 2027 revenue and earnings also exceeded Wall Street expectations, supported by over 75% of 2027 output already committed through strategic agreements. The company plans significant capital spending into 2027, which could pressure returns if demand softens, but strong cash reserves and buyback plans provide financial stability moving forward.
Micron Technology trades at USD 1,060.80 on Pluang as of Oct 01, 2026 18:12 WIB, down 0.40% for the day. The stock holds a market cap of $1.20 trillion and a 52-week high of $1.21K. Despite the recent dip, buy orders slightly outweigh sells at 55% versus 45%, reflecting steady investor interest.
Micron Technology reported a strong fiscal Q4 with an 11-fold increase in data center revenue, beating Wall Street expectations and offering positive guidance despite a slight premarket dip. This performance is driven by the AI boom's demand for memo...
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